During the past 4 years, faith in the present financial model has been shaken in terms of policy, regulation, the financial sector itself, and exchange-rate regimes. Past and present policies of the world’s most respected central banks have come under fire. Regulations that defined the system...

I. Introduction and overview. 1. Drysdale, Peter ; Ishigaki, Kenichi: New issues in East Asian economic integration. II. Regionalism and regional integration. 2. Findlay, Christopher: Old issues in new regionalism. 3. Hosono, Akio ; Nishijima, Shoji: Regional integration in Asia and Latin...

In this paper, we estimate structural VAR models with contemporaneous restrictions based on neo-classical and Keynesian theories to investigate whether the cause of current account surpluses for East Asian economies is a gsaving gluth or undervalued currencies. Analytical results show that the...

The monetary authorities in East Asian countries have been strengthening their regional monetary cooperation since the Asian Currency Crisis in 1997. In this paper, we propose a deviation measurement for coordinated exchange rate policies in East Asia to enhance the monetary authorities'...